Bear trap 'overdone': RBC

OIL bears fretting about the global crude inventory inertia keeping prices low should remember the damage sub-$US50 crude is doing to key OPEC producers, as underinvestment in exploration and deepwater development is boosting the bull case two years out.

Bear trap 'overdone': RBC Bear trap 'overdone': RBC Bear trap 'overdone': RBC Bear trap 'overdone': RBC Bear trap 'overdone': RBC

In her report The sum of all fears, RBC Capital Markets' global head of commodity strategy Helima Croft said 2016 had proved something of a reckoning for the most fragile sovereign producers Iraq,

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